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If a prosecutor is able to prove beyond a reasonable doubt that a crime occurred at a time when the defendant does not have an alibi, we can conclude that the defendant is guilty.
Average Product
The output per unit of input, calculated by dividing total output by the total number of units of input.
Production Possibilities
Different combinations of two or more goods and services that can be produced in a given time period, given a certain amount of resources and technology.
Total Product
The overall quantity of output that a firm produces, usually in relation to a given amount of input.
Marginal Products
The additional output that results from using one more unit of a production input, keeping all other inputs constant.